Resintech Bhd has won a US$3.97 million (RM16.07 million) contract to supply plastic water pipes and fittings in Cambodia.
The five-month award was granted to its wholly owned unit, Resintech Plastics (M) Sdn Bhd, by the Phnom Penh Water Supply Authority (PPWSA). This marks the company’s second contract under the Bakheng Water Supply Project Phase 3, following a RM16.5 million deal secured in September.
The Bakheng project, one of Cambodia’s largest water infrastructure developments, is financed by France’s Agence Française de Développement in partnership with PPWSA.
Resintech managing director Datuk Dr Teh Kim Poo said the award highlights the company’s growing involvement in regional water projects. “Alongside ongoing investments in Sarawak and Sabah, we anticipate steady demand for our products over the next few years,” he added.
The group noted that Sarawak has approved over RM6 billion in water and sewerage projects under the 13th Malaysia Plan, while Sabah is prioritising water security through large-scale projects and infrastructure upgrades.
Shares in Resintech closed 1.5 sen lower at 52 sen on Friday, giving the company a market value of RM101.78 million. The stock has fallen 27% year to date.
